NAICS 334514 - Totalizing Fluid Meter and Counting Device Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing totalizing (i.e., registering) fluid meters and counting devices. Examples of products made by these establishments are gas consumption meters, water consumption meters, parking meters, taxi meters, motor vehicle gauges, and fare collection equipment.
Industry trends:
NAICS 334514, which encompasses Totalizing Fluid Meter and Counting Device Manufacturing, has been experiencing notable qualitative trends influenced by advancements in technology, changing regulatory environments, and evolving customer demands. A key trend is the integration of Internet of Things (IoT) technology into fluid meters and counting devices, enabling real-time monitoring, predictive maintenance, and enhanced data analytics capabilities. This shift towards smart metering is driven by the need for increased operational efficiency and cost savings. Additionally, there is a growing emphasis on sustainability, leading manufacturers to develop more energy-efficient and environmentally friendly products.
Another significant trend is the customization of devices to meet specific industry requirements, particularly in complex sectors such as oil and gas, water management, and pharmaceuticals. This trend is fueled by the increasing demand for accuracy, reliability, and regulatory compliance. The use of advanced materials and sensor technologies is also making devices more robust and capable of operating in harsh environmental conditions.
Looking ahead, the industry is expected to see continued growth in the adoption of smart metering solutions, primarily driven by the push towards digital transformation across various industries. The ongoing advancements in AI and machine learning are likely to further enhance the capabilities of these devices, offering more sophisticated data analysis and decision-making support. Additionally, regulatory pressures and the global emphasis on sustainable practices are anticipated to shape product development and market dynamics, encouraging innovation and the adoption of green technologies in fluid metering and counting devices.
This industry is comprised of:
Consumption meters (e.g., gas, water) manufacturing
Controls, revolution and timing instruments, manufacturing
Counter type registers manufacturing
Counters (e.g., electrical, electronic, mechanical), totalizing, manufacturing
Counters, revolution, manufacturing
Counting devices manufacturing
Electromechanical counters manufacturing
Electronic totalizing counters manufacturing
Fare collection equipment manufacturing
Gasmeters, consumption registering, manufacturing
Gasmeters, large capacity, domestic and industrial, manufacturing
Gasoline dispensing meters (except pumps) manufacturing
Gauges (e.g., oil pressure, water temperature, speedometer, tachometer), motor vehicle, manufacturing
Gauges for computing pressure-temperature corrections manufacturing
Impeller and counter driven flow meters manufacturing
Instrument panels, assembling gauges made in the same establishment
Integrating meters, nonelectric, manufacturing
Linear counters manufacturing
Liquid flow meters manufacturing
Magnetic counters manufacturing
Measuring wheels manufacturing
Metering devices (except electrical and industrial process control) manufacturing
Meters (except electrical and industrial process control) manufacturing
Meters, parking, manufacturing
Motor vehicle instruments (e.g., fuel level gauges, oil pressure, speedometers, tachometers, water temperature) manufacturing
Parking meters manufacturing
Pedometers manufacturing
Positive displacement meters manufacturing
Predetermined counters manufacturing
Production counters manufacturing
Propeller type meters with registers manufacturing
Registers, linear tallying, manufacturing
Rotary type meters, consumption registering, manufacturing
Tally counters manufacturing
Tallying meters (except clocks, electricity meters, watches) manufacturing
Tank truck meters manufacturing
Taximeters manufacturing
Totalizing fluid meters manufacturing
Totalizing meters (except aircraft), consumption registering, manufacturing
Turbine meters, consumption registering, manufacturing
Watermeters, consumption registering, manufacturing
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